Loomis Sayles & Co. L P acquired a new stake in shares of Concentra Group Holdings Parent, Inc. (NYSE:CON - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 387,997 shares of the company's stock, valued at approximately $8,676,000. Loomis Sayles & Co. L P owned about 0.30% of Concentra Group Holdings Parent at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. acquired a new stake in Concentra Group Holdings Parent during the 3rd quarter worth about $4,244,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Concentra Group Holdings Parent during the third quarter worth about $36,672,000. Oppenheimer Asset Management Inc. purchased a new stake in Concentra Group Holdings Parent in the third quarter valued at approximately $675,000. Finally, Seven Grand Managers LLC acquired a new position in Concentra Group Holdings Parent in the 3rd quarter worth approximately $3,354,000.
Concentra Group Holdings Parent Price Performance
NYSE:CON traded down $0.67 during trading hours on Thursday, hitting $22.42. 2,523,513 shares of the stock were exchanged, compared to its average volume of 603,795. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 5.20. Concentra Group Holdings Parent, Inc. has a 52-week low of $18.89 and a 52-week high of $24.81. The business's fifty day simple moving average is $21.09.
Concentra Group Holdings Parent (NYSE:CON - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $489.64 million for the quarter, compared to analysts' expectations of $492.61 million. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect that Concentra Group Holdings Parent, Inc. will post 1.45 earnings per share for the current fiscal year.
Concentra Group Holdings Parent Announces Dividend
The firm also recently disclosed an annual dividend, which was paid on Friday, November 22nd. Shareholders of record on Wednesday, November 13th were issued a $0.0625 dividend. The ex-dividend date was Wednesday, November 13th.
Analyst Upgrades and Downgrades
CON has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Concentra Group Holdings Parent in a report on Monday, August 19th. They issued a "buy" rating and a $29.00 price objective on the stock. Mizuho began coverage on Concentra Group Holdings Parent in a research report on Monday, August 19th. They set an "outperform" rating and a $28.00 price target on the stock. Bank of America cut Concentra Group Holdings Parent from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $30.50 to $24.00 in a report on Monday, October 7th. JPMorgan Chase & Co. began coverage on Concentra Group Holdings Parent in a report on Monday, August 19th. They set an "overweight" rating and a $29.00 target price on the stock. Finally, The Goldman Sachs Group initiated coverage on shares of Concentra Group Holdings Parent in a research report on Monday, August 19th. They issued a "buy" rating and a $32.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Concentra Group Holdings Parent has a consensus rating of "Moderate Buy" and an average price target of $28.50.
View Our Latest Analysis on Concentra Group Holdings Parent
Concentra Group Holdings Parent Profile
(
Free Report)
Concentra Group Holdings Parent, Inc provides occupational health services in the United States. The company offers occupational and consumer health services, including workers' compensation injury care, urgent care, clinical testing, preventative care, and employer services, as well as wellness programs through occupational health centers and onsite clinics.
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